Hamilton Beach Brands Stock Momentum Indicators Minus Directional Movement

HBB Stock  USD 24.58  1.45  6.27%   
Hamilton Beach momentum indicators tool provides the execution environment for running the Minus Directional Movement indicator and other technical functions against Hamilton Beach. Hamilton Beach value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Minus Directional Movement indicator function is designed to identify and follow existing trends. Momentum indicators of Hamilton Beach are pattern recognition functions that provide distinct formation on Hamilton Beach potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was two with a total number of output elements of fifty-nine. The Minus Directional Movement indicator shows the difference between two consecutive lows of Hamilton Beach Brands price series.

Hamilton Beach Technical Analysis Modules

Most technical analysis of Hamilton Beach help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Hamilton from various momentum indicators to cycle indicators. When you analyze Hamilton charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Hamilton Beach Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hamilton Beach Brands. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hamilton Beach Brands based on widely used predictive technical indicators. In general, we focus on analyzing Hamilton Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hamilton Beach's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Hamilton Beach's intrinsic value. In addition to deriving basic predictive indicators for Hamilton Beach, we also check how macroeconomic factors affect Hamilton Beach price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Price To Sales Ratio0.30.270.390.46
Price Earnings Ratio9.356.859.7314.47
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hamilton Beach's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
21.0624.7228.38
Details
Intrinsic
Valuation
LowRealHigh
14.2417.9027.04
Details
Naive
Forecast
LowNextHigh
21.6825.3429.01
Details
0 Analysts
Consensus
LowTargetHigh
11.8313.0014.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hamilton Beach. Your research has to be compared to or analyzed against Hamilton Beach's peers to derive any actionable benefits. When done correctly, Hamilton Beach's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hamilton Beach Brands.

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Hamilton Beach Brands pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hamilton Beach position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hamilton Beach will appreciate offsetting losses from the drop in the long position's value.

Hamilton Beach Pair Trading

Hamilton Beach Brands Pair Trading Analysis

The ability to find closely correlated positions to Hamilton Beach could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hamilton Beach when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hamilton Beach - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hamilton Beach Brands to buy it.
The correlation of Hamilton Beach is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hamilton Beach moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Beach Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hamilton Beach can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Hamilton Beach Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hamilton Beach's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hamilton Beach Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hamilton Beach Brands Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hamilton Beach Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Hamilton Beach Brands information on this page should be used as a complementary analysis to other Hamilton Beach's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Hamilton Stock analysis

When running Hamilton Beach's price analysis, check to measure Hamilton Beach's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hamilton Beach is operating at the current time. Most of Hamilton Beach's value examination focuses on studying past and present price action to predict the probability of Hamilton Beach's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hamilton Beach's price. Additionally, you may evaluate how the addition of Hamilton Beach to your portfolios can decrease your overall portfolio volatility.
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Is Hamilton Beach's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hamilton Beach. If investors know Hamilton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hamilton Beach listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.744
Dividend Share
0.435
Earnings Share
1.8
Revenue Per Share
44.573
Quarterly Revenue Growth
0.053
The market value of Hamilton Beach Brands is measured differently than its book value, which is the value of Hamilton that is recorded on the company's balance sheet. Investors also form their own opinion of Hamilton Beach's value that differs from its market value or its book value, called intrinsic value, which is Hamilton Beach's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hamilton Beach's market value can be influenced by many factors that don't directly affect Hamilton Beach's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hamilton Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hamilton Beach is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hamilton Beach's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.